Why Do So Many People Fail In Network Marketing – Or Do They

Why People Fail in Network Marketing!

What’s that saying? You know, you hear it all the time! 97% of the people FAIL in Network Marketing.

As I was surfing around the internet the other day I came across this Tim Sales video which was the inspiration for this blog post. He lays out several key thoughts as to why people fail in network marketing.

Sure, statistically if you were to look at how many people make money vs how many don’t in Network Marketing, then yes, more people FAIL in network marketing. But why?

The world acts as if this is some big revelation (but I don’t get it). If you think about it for a moment, the same can be said for almost everything attempted.

Fact is:

Most people that open an account to trade stocks, FAIL.

Most people who get into sports FAIL, they never make it to the NFL, MLB, or the NBA.

Most people who get into Real Estate, FAIL before ever selling their first home.

Most people who want to make it big in a rock band, or the opera for that matter, FAIL.

Most people who want to get into shape, FAIL!

Most people who start a business, FAIL!

So yes, it’s true, most (97%) of the people who get into Network Marketing, FAIL!

OR DO THEY?

Here is my take on why people fail in network marketing.

Maybe we should look at what the people did TO Fail vs what those did TO Succeed.

Upon closer examination, those that DO FAIL in Network Marketing, don’t really FAIL at all, they QUIT! They never really give it a chance. Somewhere down the road, somebody told them they could get rich quick, for doing very little.

Network Marketing has the reputation that millionaires are created almost daily by just signing up a few people. (Isn’t that all you have to do?)

One problem and why so many people fail in network marketing is because they treat their business as a hobby, not a business. How many successful bankers, lawyers, doctors, sports figures do you know treat their profession as a hobby? ZERO would be my guess!

So its not that most people FAIL in Network Marketing, they just quit! Just like people QUIT trying to get in shape, or they loose their %@#* in the stock market and QUIT. People QUIT golf all the time, but they didn’t fail at these things, they QUIT. They didn’t take the time necessary to learn the skill sets need to succeed.

That’s why people fail in network marketing.

Getting started in Network Marketing is no different than any other business. If you are going to have success in Network Marketing or anything else in life, then you need to commit time, energy and a little money. There are plenty of free strategies out there that can help build your business, it just takes time…

How much time? I would give yourself 24 to 36 months to become really successful. Sure some may do it in 10 or 12 months, heck, some people can do it in 3. Look, you’re not going to go out and buy a McDonald’s franchise, learn the entire food business and start turning a profit in 3 to 6 months, it just won’t happen. I don’t care how good your location is. The startup costs are too high.

Owning a MLM business isn’t for everyone, some people are just meant to punch a clock. There’s nothing wrong with that. But if you’re going to start a home based business then you better go into it with the mindset that this is going to take work and time. If you want to be a six or seven figure earner, then you will have to work like one! Otherwise, you will become just another victim of why people fail in network marketing.

Yes, residual income and leveraging the efforts of others to build your business is what Network Marketing is all about. But it won’t build on it’s own.

If you’re looking to build your MLM business and are serious about learning how to generate leads, then what you really need to learn is, how to Market. If your upline is still teaching only the Old “School Methods, find out how to generate leads using the internet. It’s not that difficult, IF you know what you’re doing. I’m not saying there is anything wrong with the Old School Methods, you just need to learn to incorporate online marketing into your strategy if you want to make money in network marketing.

So find out how NOT to FAIL, especially in the first year in Network Marketing. You can be one of the 3% who succeed, just by not quitting.

After all, the name of the game is right there in the title… Network MARKETING. All too often, 97% of those who do “fail”, (quit) just don’t have a clue where to turn once they run through their warm market. So if you’re struggling and don’t want to fail in your network marketing business, do what all the successful Network Marketers do… Learn how to market!

It’s not that hard when you have someone and a system to show you step by step how to be successful in Network Marketing. Marketing is the key to success and it CAN be yours. If you are looking for help and would like some guidance, leave me a comment below, I would be happy to share some ideas with you.

If you enjoyed this post, please share it with your friends on Facebook, Tweet it, and leave me a comment below.

Hey Jordan,
Good point, 2 months is not near long enough. I know some people who never gave up and couldn’t make it work for 3 or 4 years… Then the right opportunity and mentoring team came along and they never had to look back. I agree with people being able to smell desperation… Posture is everything. Not giving a hoot if they join your business or not is the attitude necessary. There will always be more NO’s than Yes.
Thanks for your input!
RichardP

Twitter: Victoria BC SEOI’ve failed at network marketing before. And yes I did quit. But I felt I wasn’t reaching the proper people in other industries who’s target market is mine.

My plan is to be more efficient with my efforts and to stick with it for more than two months. It will also help since I’m not as desperate to get business. People can smell desperation.Jordan J. Caron recently posted..Your Website Needs to be more like Usain Bolt

You make a great analogy! Without a doubt, network marketing takes time, consistency and persistence. Far too many quit just about the time they will see major results. I appreciate your comment and hope to see you here again!

Twitter: parisdavidsonHey Richard, great post. I was in the automotive manufacturing business for 20 years and as I am developing my network marketing business it reminds me of working on the assembly line. Each facet of your marketing efforts has to be solid. Everything takes time to build and put in place. Ever try driving a car without the wheels? It simply will not work. You can “give up” or put some wheels on. You cannot expect to succeed in network marketing without putting in the work and making sure all the parts are in the right place and all the gears are working in conjunction with one another.Paris Davidson recently posted..4 Ways How Bloggers Make Money

I agree Eve,
MLM isn’t the most popular term and often brings with it the connotation of pyramid scheme.
Getting pitched period is never any fun, especially when people don’t even take the time to build a relationship first.

Network marketing takes a lot of work, I don’t care what anyone says.. The biggest problem is most times an opportunity is sold or presented the wrong way. They always make it sound so easy! It’s work folks, but well worth the effort!

Great article. People have to realize that earning a lot of income means doing a lot of work. Network marketing can lead to a very substantial income but it does take effort and persistence. Follow the advice of people who don’t offer any pie-in-the-sky promises.

You are so right except about 1 thing. Network marketing really is a get rich quick scheme. The alternative is a JOB – Just Over Broke where you spend 40 years barely making ends meet then retire on perhaps the income you couldn’t live on. If you work several hours a day for 2 years are coachable, keep at it, don’t get discouraged and don’t quit you should be making about $10,000/month (which for most people means they are rich)with almost any reputable MLM company and if it takes 3 or 4 or 5 or even 6 years that’s quick compared with 40 years. Home many $ millions would you need to have in the bank to generate $120,000 of income could you put that much away after 40 years of working at a job. http://www.usegreenelectricity.com works for me.

Nice piece, Richard! Unfortunately, regarding any worthwhile endeavor, most people only give themselves enough time to fail. Anyone can be sold the dream of what awaits them at the finish line, but how one deals with the realization that running the race is actually a lot of hard work is what separates us.Matt Stefanik recently posted..Comment Luv 29 – The Free WordPress Plugin Every Blogger Should Have

I was one of those who thought I could get rich quick because I had a sponsor who told it with great zeal. It turned out that it was not so. Just the way you write about. I have not quit and I will not give up, yet I have difficulty talking directly to people. I’m learning SEO these days and if I can manage to get my website to the first spot on google etc, I will make a lot of money anyway.
But, in fact, it is almost as difficult as the issue above,

That sponsor had been successful sponsoring this person. The sponsor had been successful helping this person see a dream and possibility. The sponsor had been successful in helping this person find enough skill to keep them in the business when the sponsor “failed”. Oh, the sponsor had been successful!

Oh, the sponsor was a failure at believing in them self and thus a success at seeing them-self as a failure, therefore they quit. The failure was in their subconscious before Network marketing was in their life.

I can get used to hanging out here! I like your way of writing.
Love how you touched on Mcdonalds… and I add going to Hamburger U for a few years on top of that! The complete post was excellent from start to end…couldn’t agree more.

I always feel like we’re on the same page! Great information, and so useful to many people. I like how you gave a timeline for people, because so many fail (like you said) because someone told them in 3 months they’d be living it up. They they quit, and I always say that it’s not that people fail, it’s because they gave up.

Different people will also vary on their success levels even if they both keep trying, so what I also say to people is never compare yourself with someone else. That usually ends up being a disaster, and then….they….quit.

I can’t take credit for analogy that people “fail” (quit) in so many other types of businesses or life pursuits . We all have Tim Sales to thank for his analogy on that.

You make a great point Oliver – People don’t get it… You don’t get paid instantly in this business. You must build relationships first. Instant gratification (or lack of) and quitting can be said to be the biggest form of failure in may aspects of life.

Very interesting. One of the blog posts I intend to write addresses the question “Is MLM right for you”. I was in MLM for years so I hope you will appreciate my insights! I will send you a note when the blog post is up. Think I’ll start on it right now!
Trish

Hey Ashly, Thanks for stopping by.
It really is too bad that people give up and “quit” without giving it a chance. You’re right they probably were never serious to start with.
Those that study and apply the laws of Attraction Marketing and stick with it, I think will do just fine.